The stock market fell back into the 8,300 level on Monday with the bellwether Philippine Stock Exchange index (PSEi) down 0.86 percent or 72.63 points to close 8,348.32. AdvertisementsThe wider All Shares dropped 0.57 percent or 28 points to finish at 4,885.79. The conglomerate opened P1,072 per share, hit an intra-day high of P1,087 then closed down 53 points to finish at P1,017. “I think the heavyweight stocks in the index pulled the market along its descent today,” AP Securities, Inc. equities trader Gerard Barboza also noted. Results for the market’s sub-indices were mixed with holding firms, financials, and mining and oil posting declinesVolume turnover was thin with 744 million shares valued at P13.3 billion traded.

Source: Manila Times October 23, 2017 17:48 UTC